Land Use & Zoning
In Texas, a 'Development Agreement' between a city and a developer may include:
APromises by the developer to pay TREC fees
BVested rights protections, infrastructure commitments, and customized development standards for a specific project✓ Correct
CRequirements for the developer to hire licensed real estate agents
DTax abatement grants from the state
Explanation
Development agreements negotiate and memorialize the terms under which a large or complex development will proceed, including infrastructure responsibilities, vested rights protections, phasing, and any special use or design standards specific to the project.
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